The new fund offer or NFO of the scheme is open for subscription and will close on December 10. The scheme will reopen for continuous sale and repurchase on December 20.
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The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty Capital Market Total Return Index, subject to tracking error.
The performance of the scheme will be benchmarked against Nifty Capital Market Total Return Index and will be managed by Swapnil Mayekar and Swapnil Mayekar.
The scheme will offer regular and direct plans both with growth options. An exit load of 1% will be applicable, if redeemed on or before 15 days from the date of allotment. The exit load will be nil, if redeemed after 15 days from the date of allotment.
The minimum investment amount for lumpsum investment is Rs 500 and in multiples of Re 1 thereafter. The minimum investment amount for monthly SIP is Rs 500- and multiple of Re 1 thereafter with minimum 12 installments.
The scheme will allocate 95-100% in constituents of Nifty Capital Market Index and 0-5% in units of liquid schemes and money market instruments.
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The scheme follows a passive investment strategy and seeks to invest in the constituents of Nifty Capital Market Total Return Index. The scheme aims to achieve returns equivalent to the benchmark subject to tracking error. The scheme would also invest in units of liquid schemes and money market instruments.
The scheme is suitable for investors who are seeking a return that corresponds to the returns of the Nifty Capital Market Total Return Index, subject to tracking error and want long-term capital growth. The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.
